Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 22-06-2026
Case Overview
This is an order from a hearing in an ongoing corporate insolvency resolution process. The Financial Creditor, ICICI Bank Ltd, has filed an insolvency petition under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the Corporate Debtor, MBS Impex Pvt Ltd. The case is registered as CP(IB) No. 407/7/HDB/2019. The hearing was for an Interlocutory Application numbered IA(IBC) 23/2026, which was filed within this main petition. The bench was composed of Hon'ble Member (Judicial) Sh. Rajeev Bhardwaj and Hon'ble Member (Technical) Sh. Sanjay Puri. The hearing was conducted in a hybrid mode (both VC and physical attendance). Counsel for the applicant and respondent number 2 were present.
Final Outcome
The tribunal has adjourned the matter. It has granted one week for the filing of a rejoinder. The next hearing is scheduled for 29.07.2026.
Topics: Insolvency Proceeding, NCLT Hearing, Bank Petition